7 PROJECT: what changed
What changed
7 PROJECT
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€18,934
2024 · €1,586+€17,348
Equity
€59,246
2024 · €50,312+€8,934
Cash
€19,085
2024 · €9,625+€9,460
Balance sheet total
€106,385
2024 · €68,029+€38,356
Largest movements
Assets
- Tangible fixed assets +€30,587
up €30,587 (+452%), from €6,768 to €37,356
of which Furniture and vehicles: +€30,711
- Cash +€9,460
up €9,460 (+98.3%), from €9,625 to €19,085
mainly Net result for the year (+€18,934) and Accrued charges and deferred income (+€11,000)
- Receivables within one year -€1,436
down €1,436 (-2.8%), from €50,474 to €49,038
of which Trade receivables: -€5,335
Equity and liabilities
- Accrued charges and deferred income +€11,000
new in 2025: €11,000
- Other debts +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€8,934
up €8,934 (+38.8%), from €23,052 to €31,986
- Debts after one year +€5,206
new in 2025: €5,206
- Tax, wage and social debts +€1,360
up €1,360 (+40.3%), from €3,374 to €4,733
of which Taxes: +€1,860
Income statement
- Gross operating margin +€15,490
up €15,490 (+103%), from €15,111 to €30,602
- Depreciation -€3,700
down €3,700 (-30.8%), from €11,995 to €8,295
- Taxes +€2,380
up €2,380 (+308%), from €772 to €3,152
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,586
Gross operating margin
+€15,490
Depreciation
+€3,700
Other operating charges
+€271
Financial income
+€43
Financial charges
+€223
Taxes
-€2,380
Result 2025
€18,934
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€52,248
Investment
-€38,883
Financing
-€3,905
Cash 2024
€9,625
From operations (derived)
+€52,248
Net result for the year
+€18,934
Depreciation
+€8,295
Stocks and contracts
+€70
Receivables within one year
+€1,436
Deferred charges and accrued income
+€186
Trade debts
+€967
Tax, wage and social debts
+€1,360
Other debts
+€10,000
Accrued charges and deferred income
+€11,000
Investment (derived)
-€38,883
Investment in fixed assets (net)
-€38,883
Financing
-€3,905
Debts after one year
+€5,206
Current portion of long-term debt
+€889
Contributions, distributions and other
-€10,000
Cash 2025
€19,085
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,029 | €106,385 | +€38,356 | +56.4% |
| Fixed assets | 21/28 | €6,768 | €37,356 | +€30,587 | +452% |
| Tangible fixed assets | 22/27 | €6,768 | €37,356 | +€30,587 | +452% |
| Plant, machinery and equipment | 23 | €228 | €105 | -€124 | -54.2% |
| Furniture and vehicles | 24 | €6,540 | €37,251 | +€30,711 | +470% |
| Current assets | 29/58 | €61,261 | €69,030 | +€7,769 | +12.7% |
| Stocks and contracts in progress | 3 | €620 | €550 | -€70 | -11.3% |
| Stocks | 30/36 | €620 | €550 | -€70 | -11.3% |
| Amounts receivable within one year | 40/41 | €50,474 | €49,038 | -€1,436 | -2.8% |
| Trade receivables | 40 | €24,354 | €19,020 | -€5,335 | -21.9% |
| Other amounts receivable | 41 | €26,120 | €30,019 | +€3,899 | +14.9% |
| Cash at bank and in hand | 54/58 | €9,625 | €19,085 | +€9,460 | +98.3% |
| Deferred charges and accrued income | 490/1 | €542 | €356 | -€186 | -34.3% |
| Total equity and liabilities | 10/49 | €68,029 | €106,385 | +€38,356 | +56.4% |
| Equity | 10/15 | €50,312 | €59,246 | +€8,934 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,860 | €14,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €13,000 | €14,860 | +€1,860 | +14.3% |
| Profit (loss) carried forward | 14 | €23,052 | €31,986 | +€8,934 | +38.8% |
| Amounts payable | 17/49 | €17,718 | €47,140 | +€29,422 | +166% |
| Amounts payable after more than one year | 17 | - | €5,206 | +€5,206 | |
| Financial debts | 170/4 | - | €5,206 | +€5,206 | |
| Amounts payable within one year | 42/48 | €17,718 | €30,934 | +€13,216 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €2,618 | €3,507 | +€889 | +33.9% |
| Trade debts | 44 | €11,726 | €12,693 | +€967 | +8.2% |
| Suppliers | 440/4 | €11,726 | €12,693 | +€967 | +8.2% |
| Taxes, remuneration and social security | 45 | €3,374 | €4,733 | +€1,360 | +40.3% |
| Taxes | 450/3 | €2,874 | €4,733 | +€1,860 | +64.7% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €11,000 | +€11,000 | |
| Non-recurring operating income | 76A | - | €22,739 | +€22,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,995 | €8,295 | -€3,700 | -30.8% |
| Other operating charges | 640/8 | €1,436 | €1,164 | -€271 | -18.9% |
| Gross operating margin | 9900 | €15,111 | €30,602 | +€15,490 | +103% |
| Operating profit (loss) | 9901 | €1,680 | €21,142 | +€19,462 | +1,158% |
| Financial income | 75/76B | €1,228 | €1,271 | +€43 | +3.5% |
| Recurring financial income | 75 | €1,228 | €1,271 | +€43 | +3.5% |
| Financial charges | 65/66B | €550 | €327 | -€223 | -40.6% |
| Recurring financial charges | 65 | €550 | €327 | -€223 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €2,358 | €22,086 | +€19,728 | +837% |
| Income taxes | 67/77 | €772 | €3,152 | +€2,380 | +308% |
| Profit (loss) for the period | 9904 | €1,586 | €18,934 | +€17,348 | +1,093% |
| Profit (loss) for the period to be appropriated | 9905 | €1,586 | €18,934 | +€17,348 | +1,093% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.